How does the liquid work? Is it lightning alternative for fast and cheap payment? Newer seen liquid wallet 😏
Discussion
It’s a side chain created by Blockstream, it is lower fees than on chain more confidential and is better for larger off chain payments, Lightning is good for smaller payments. It has had relatively low adoption tho but this high fee environment might be the catalyst for more adoption. Can read about it here. https://liquid.net/ I’ve played around with it a bit in the past but now that fees are high thinking about how it can be used.
I don't thing that liquid is best subject for beginers to focus on. It has limited use cases, adoption us not great,…
In a high fee environment that could change. When bitcoin fees are low, liquid has very limited use case but in a high fee environment that could change quite quickly. Worth exploring.
It can, but not right now and not for newbies.
It's better for them to focus on onchain and LN with practical use today.